The crypto market rallied after the Senate failed to advance the Clarity Act, with Bitcoin gaining roughly 8% and Ether 7% since the September 15 vote. Bitwise CIO Matt Hougan said the move reflects a view that the industry may have exchanged long-term legislative certainty for more favorable rules in the near term. Tokens including $NEAR, Uniswap and Avalanche recorded substantially larger gains. The bill fell short of the 60 votes required for the procedural step, stalling one of the crypto industry’s biggest legislative priorities ahead of the midterm elections.